British oil major BP plans to expand gas production in the southeastern part of the Shah Deniz field in Azerbaijan in May-June 2021 as part of the field's second stage development, BP said.

“The affirmation reflects our expectation that GOGC will be able to deleverage to within our rating sensitivities from 2022 on improved EBITDA from the electricity generation segment, following an expected leverage spike in 2021," Fitch said in a statement.